USDJPY H4 | Potential bearish reversal

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TitleUSDJPY H4 | Potential bearish reversalTypeBullish BouncePreference:Price is falling toward our pivot point of 142.098  which is a pullback support level that aligns with 50% Fibo retracement. A bounce off from here, price could rally to 1st resistance at 143.896 which is a pullback resistance levelAlternative scenario:However, if price below the pivot, it could fall to 1st support at 140.761 which is a pullback support levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

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